Bitcoin mining giant TeraWulf opens new mine, seeks technical partners
【TeraWulf launches new Bitcoin mining facility, seeks important technical cooperation】
As the world's sixth largest Bitcoin miner, TeraWulf recently announced that it will open a new 2MW Bitcoin mining facility "WULF Den" at the end of September. At the same time, the company is actively establishing partnerships with technology giants in order to use their rich technical resources to improve its mining efficiency.
Nazar Khan, co-founder and COO of TeraWulf, revealed that the new facility uses advanced liquid cooling technology, which is expected to further reduce the cost of Bitcoin mining. Statistics show that TeraWulf's average production cost is about $40,000 per Bitcoin, which is relatively low among its peers, thus maintaining a high profit margin.
In the future, TeraWulf also plans to put a 20MW large-scale mining plant into operation by the end of 2024, when its total mining capacity will be greatly improved. Khan said that the company is actively negotiating cooperation with well-known companies in the technology field, including Alphabet, Amazon, Apple and other "seven major technology giants", hoping to enhance its competitive advantage through technology empowerment.
In general, TeraWulf is continuously consolidating its position in the Bitcoin mining field through technological innovation and strategic cooperation, creating more value for investors and users.
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